Online Access Free 1z1-495 Practice Test

You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employeesunder him. Where will the rating specified by the manager be available?

• A.Only within the current compensation plan and all cycles associated with it
• B.To the current compensation plan and HR system
• C.To the current compensation plan and the Performance Management system
• D.Only within the current compensation plan and the current cycle

A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.

• A.Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
• B.All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
• C.The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
• D.The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.

ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

• A.Salary Component
• B.Plan Eligibility
• C.Budget Pools
• D.Action and Action Reasons
• E.Plan Access

While configuring theBudget page, which five tabs are available in Page Layout?

• A.Worker List
• B.Detail table
• C.Actions
• D.Summary
• E.Budgeting
• F.Information
• G.Comments

Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal
Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear?

• A.Both Manager Y and Manager Z, because he has worked under both of them during the current cycle
• B.Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
• C.Manager Y, because this is the original manager of Employee X
• D.Manager Z, because this is the current manager to whom Employee X is reporting